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During the year, Wright Company sells 440 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Date of
During the year, Wright Company sells 440 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Date of Units 60 220 170 Unit Cost $76 79 84 Total Cost Beginning inventory May 5 Purchase Nov. 3Purchase 4,560 17,380 14,280 450 S 36,220 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Available for Sale Average Ending Average Cost of Goods Sold # of units Cost per # of units cost per |#0f units Cost per unit unit unit Beginning Inventory May 5 Nov. 3 Total
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